Due to change in management and subsequent to the takeover of the Company in the terms of SEBI (SAST) Regulation 2011 the Acquirers of the Company desire to changes in the management of the company. Further the company adheres to timely disclosure and the said announcement is made to the best of interest of the Stakeholders. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 this is to inform you that the Independent directors of the Company have resigned as Independent Director / Director with effect from the close of business hours on 26th May 2022. The Board have accepted their resignation accordingly. Kindly take the same for your records.